Fitch forecasts USD/TRY 60 by end-2027
The ratings agency said the lira could reach 60 against the dollar by end-2027 and noted an $18 billion fund liquidation exposed regulatory gaps.
Mateo Fernandez ·
Fitch Ratings forecast that USD/TRY will reach 60 by the end of 2027, a move that would heighten import-cost pressures for Turkey.
Reaction pending.
The ratings agency said steps to liquidate an investment fund of about $18 billion revealed past regulatory shortcomings, and that measures taken limited pressure on the equity market.
USD/TRY 60 by end-2027
Fitch attached that exchange-rate projection to a revised inflation outlook, without publishing a specific inflation figure in the statement. The agency framed the FX path as a key variable for Turkey's macro profile and credit metrics.
A lira at 60 would, in Fitch's view, interact with Turkey's external position and domestic price dynamics; the agency highlighted the channels through which currency weakness can feed into inflation and sovereign metrics. It also noted the recent fund liquidation as evidence of regulatory gaps that authorities have begun to address.
Markets will monitor whether FX pressures persist and how policymakers respond. The immediate implication for investors is that currency risk will remain a central input to valuations of Turkish assets.
Watch whether USD/TRY trades above 60 by December 31, 2027; that threshold will be the market test of the agency's projection.